Megaproject

PR Newswire

Shenzhen Kingkey Smart Agriculture Times Reports Rmb 714 Million Net Profit In 2024, Showcasing Resilience In Pig Farming BusinessSHENZHEN, March 31, 2025 /PRNewswire/ -- On the evening of March 30, Shenzhen Kingkey Smart Agriculture Times (000048.SZ) released its 2024 annual financial report, demonstrating significant achievements in its strategic transformation focused on pig farming as the core business. The report shows the company achieved operating revenue of RMB 5.96 billion, net profit attributable to shareholders of RMB 714 million, non-GAAP net profit of RMB 786 million, and basic earnings per share of RMB 1.38. Notably, the company's profit structure has undergone fundamental changes. In 2024, the pig farming business generated revenue of RMB 3.901 billion, representing year-on-year growth of 38.69% and accounting for 65.45% of total revenue, delivering profits despite challenging market conditions. Concurrently, the company announced its 2024 profit distribution plan, proposing a cash dividend of RMB 3.5 per 10 shares (tax inclusive), totaling RMB 182 million. Against the cyclical fluctuations in the pig farming industry, the company's strong performance - with excellent breeding costs of RMB 13.67/kg and robust operating cash flow reaching RMB 997 million - provides solid support for the generous dividend distribution, fulfilling its commitment to shareholder returns. Strong Pig Farming Performance: Achieving 2 Million Hogs in Five Years During the reporting period, Shenzhen Kingkey Smart Agriculture Times' pig farming business sold a total of 2.1461 million hogs, a year-on-year increase of 16.32%, with sales revenue reaching RMB 3.901 billion and net profit of RMB 533 million. This performance marks a fundamental success in the company's strategic transformation initiated in 2019, with modern agriculture now established as a core sustainable growth driver. The company's transformation focused on two key pillars: business restructuring and continuous capacity expansion. Four major pig farming projects and supporting feed mills were completed and operationalized at "Shenzhen speed," delivering "Shenzhen quality" to the Greater Bay Area. In 2022, the company achieved its "one million hogs in three years" target with an output of 1.2644 million hogs. By 2024, output officially surpassed the 2 million mark, accomplishing the "two million hogs in five years" milestone. Rapid capacity release, quality assurance, and regional premiums in the Greater Bay Area have accelerated the transition from the previous property-dominated profit structure. In its real estate business, the company reported annual revenue of RMB 1.234 billion and net profit of RMB 229 million in 2024. With no new project deliveries, revenue and profits from property sales declined significantly year-on-year. As inventory clearance gradually progresses and the agricultural business grows steadily, the company's healthy operations will be further strengthened. Digital Solutions Overcome Cost Pressures: Notable R&D Achievements Over the past year, amid the industry's "low-margin" competition, the company achieved excellent results in breeding efficiency and cost control through deep integration of digitalization and industrialization, demonstrating the resilience of high-quality pig farming development. Data shows that in February 2025, the company's full breeding cost decreased to RMB 13.67/kg, positioning it among the industry's top performers. Specifically, the company adopted a "high-rise cluster + 6750 integrated self-breeding and self-raising" model, supported by eight intelligent farming systems, effectively improving breeding efficiency. Advanced technologies including precision nutrition systems, four-week batch production models, three-batch hog sales strategies, and metagenomic sequencing further enhanced production levels, achieving cost reductions and efficiency improvements. The annual report shows the company's R&D investment in 2024 reached RMB 52.1089 million, a year-on-year increase of 20.89%. By year-end, it had accumulated 34 national patents and 9 software copyrights. Through ongoing collaboration with institutions including South China Agricultural University, the company undertook national "14th Five-Year Plan" R&D projects, won the Guangdong Provincial Agricultural Technology Promotion Award, and led the approval of the Guangdong Provincial Local Standard "Technical Specifications for Biosafety in Multi-Story (Building) Large-Scale Pig Farms." Active Support for Rural Revitalization: Advancing ESG Initiatives The company's investments in new quality productivity extend beyond efficiency and cost reduction to green ecology and rural revitalization. In 2024, it signed a Strategic Cooperation Framework Agreement with the Guangdong Academy of Agricultural Sciences' Institute of Animal Science to jointly develop environmentally friendly pig farms, providing practical cases and technical support for sustainable agricultural development. Furthermore, adhering to the principles of "reduce, reuse, recycle," the company integrated crop cultivation with its four major project sites to establish a circular farming system. Through organic fertilizer application, it improved soil fertility and supported farmers' production. Statistics indicate the company donated over 1,600 tons of organic fertilizer last year, helping villagers reduce costs and increase income. Shenzhen Kingkey Smart Agriculture Times has long actively responded to national policies and deeply participated in rural revitalization initiatives. In 2024, it established "Guangdong Kingkey Smart Agriculture Times Ecological Agriculture Co., Ltd." to expand the "company + family farms" model, leveraging advanced technology spillover effects to stimulate rural economic vitality and promote industrial upgrading. In rural public welfare, the company invested a total of RMB3.38 million in 2024 through initiatives including holiday visits, care for the elderly and children, educational donations, cultural sponsorships, and rural infrastructure funding, comprehensively supporting rural revitalization. With continuous efforts in environmental, social and governance (ESG) areas, the company has received numerous accolades including "Outstanding Rural Revitalization Practice Case for Listed Companies," "ESG Exemplary Enterprise Award," and "High-Quality Development Listed Company." As an agricultural and animal husbandry listed enterprise, Shenzhen Kingkey Smart Agriculture Times remains committed to its strategic focus on agriculture, anchored to the goal of high-quality development. The successful transformation and cost-efficiency achievements in 2024 have laid a solid foundation for its growth in smart farming. Moving forward, the company will continue to pursue high-quality development, deepen its expertise in smart agriculture, and establish itself as a benchmark for agricultural industrialization, creating more value for shareholders and society while contributing to rural revitalization and agricultural modernization. SOURCE Shenzhen Kingkey Smart Agriculture Times

factory

Mar 31, 2025

PR Newswire

For Sale By Expression Of Interest: A Portfolio Of City Strata Office Floors In The Heart Of Bugis And Rochor, At Sim Lim Tower, The Bencoolen And Lee Kai HouseSINGAPORE, March 20, 2025 /PRNewswire/ -- Brilliance Capital Pte. Ltd. is pleased to present The Bugis Collection, a rare investment opportunity comprising three entire office floors in prime city locations. This exclusive portfolio includes a freehold strata office floor at Sim Lim Tower, a full office floor at The Bencoolen, and a strata office floor at Lee Kai House, each offering strategic advantages in accessibility, tenure, and investment potential. The properties are available for bulk purchase or piecemeal acquisition, catering to both institutional investors and individual buyers. The freehold strata office floor at Sim Lim Tower, located along Jalan Besar, is being offered at an asking price of S$17.8 million at S$2,126 per sq ft. Spanning approximately 8,374 sq ft on a high floor, the property boasts 360-degree panoramic views of conservation shophouses and the modern city skyline. Situated at the doorstep of Jalan Besar MRT (DT22) and within a short walk to Rochor (DT13), Bugis (EW12/DT14), and Little India (NE7/DT12) MRT stations, the location provides seamless connectivity islandwide. The asset also benefits from its proximity to key commercial hubs such as Albert Centre Market, major banks, hotels, and shopping malls, as well as upcoming landmark developments like One Sophia and Aurea. Positioned within the Beach Road/Ophir-Rochor Corridor, an area undergoing significant rejuvenation, the property presents an exceptional opportunity for investors seeking capital preservation and long-term growth. At The Bencoolen, a full office floor comprising five strata-titled units combined into a single seamless space is available at an asking price of S$7.8 million or S$1,858 per sq ft. The 4,198 sq ft unit is fully fitted with a reception area, conference room, pantry, meeting room, partitioned workspaces, and general office space, and is currently tenanted with immediate rental income. The asset enjoys a prime location fully sheltered to Rochor MRT (DT13) and a short stroll to Bugis MRT Interchange (EW12/DT14), offering unparalleled accessibility. As part of a mixed-use development with residential, retail, and office components, the property presents a potential turnkey investment opportunity for businesses looking to establish a foothold in the Bugis precinct. For investors seeking an attractive entry and palatable entry price point into the office and commercial market, the strata office floor at Lee Kai House, located along Middle Road, is available at a guide price of S$4.8 million at S$1,304 per sq ft. The space, consisting of two combined strata titled office units totalling 3,681 sq ft, is currently leased to a commercial school until early 2026, providing immediate rental returns. The office is within a short walk to Bugis MRT Interchange (EW12/DT14) and features a reception area, meeting rooms, conference room, pantry, classrooms, and general office space. With the building being zoned for commercial use with a gross plot ratio of 4.2, the property is well-suited for investors looking to capitalize on rental yield and future capital appreciation in a high-demand location. Ms. Sammi Lim, Founder and Executive Director of Brilliance Capital Pte. Ltd., shared, "The demand for centrally located commercial and office spaces remains strong, as companies continue to prioritize strategic locations for operational efficiency, brand presence, and workforce collaboration. Physical office spaces are irreplaceable in fostering corporate culture and business growth. Given current market conditions, acquiring office space is a strategic move for companies looking to hedge against future rental escalations and secure long-term stability. In addition, the current interest rate environment presents a favourable window for asset acquisition, allowing investors and businesses to capitalize on cost efficiencies and long-term asset appreciation. The Bugis Collection presents a rare opportunity for institutional investors, family offices, and private wealth funds looking to acquire city office assets with long-term capital appreciation and rental yield potential. The flexibility of purchasing either as a portfolio or individual assets caters to diverse investment strategies, from bulk ownership to strategic asset accumulation. The Bugis-Rochor area has one of the highest office occupancy rates in Singapore, with a steady demand from businesses in tech, media, education, and creative industries. As more companies shift away from CBD-grade office rents while still prioritizing a central location, these assets are well-positioned to attract both investors and end-users seeking strategic business locations. In Singapore's commercial real estate market, full-floor strata office units in centrally located developments are exceedingly rare, particularly with good floor efficiency and unobstructed layouts. With strata subdivision restrictions limiting new strata office supply, these assets stand out as one of the few opportunities for investors to acquire sizeable office floors in a single transaction. Beyond investment potential, The Bugis Collection is highly attractive to owner-occupiers. Given the limited availability of well-located, ready-to-move-in office spaces, SMEs, professional services firms, and businesses seeking a permanent corporate presence will find these properties a cost-effective alternative to long-term leasing." Each of these properties is located within a vibrant mixed-use precinct, offering access to a wide array of amenities from F&B and retail to lifestyle hubs. Their proximity to MRT stations ensures excellent accessibility, reducing commute times for employees and increasing overall workplace convenience, which is a key factor in office space decisions today. With upcoming developments such as One Sophia and Aurea, as well as continued infrastructure improvements in the Bugis-Rochor precinct, the area is undergoing rapid transformation. Investors who acquire now stand to benefit from rental appreciation and potential asset enhancement strategies, whether through upgrading office fit-outs, repositioning the property, or tapping into demand from incoming corporate tenants. Each of these three properties holds potential for future collective sale, which adds another dimension to their investment value. Given their prime city-fringe locations, tenure mix, and existing tenant profile, they are expected to attract en bloc investors and seasoned buyers who have previously benefited from successful en bloc sales. Additionally, end-users from recent successful en bloc projects may see these properties as ideal replacement assets for relocation. All three properties in The Bugis Collection are zoned for commercial use, making them exempt from Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD). They are open for purchase by both local and foreign buyers, as well as corporate entites, making them a compelling option for investors seeking secure, high-value commercial assets in Singapore's dynamic office market. Brilliance Capital is the sole marketing agent for this sale. The Expression of Interest (EOI) exercise closes on 8 May 2025, Thursday at 3 PM. Note to editors:High-resolution photograph of the Sim Lim Tower, The Bencoolen and Lee Kai House are enclosed. About Brilliance Capital Pte. Ltd. Brilliance Capital is a premier real estate agency specializing in bespoke advisory and transaction services for high-net-worth individuals, family offices, property developers, and institutions in Singapore and globally. Founded and led by Sammi Lim, our team of top-tier professionals excels in selling and leasing luxury residential, commercial, and industrial properties, as well as collective sales. We also offer tailored consultancy and advisory services, addressing personal, professional, and investment needs with precision and care. Backed by deep market insight and a robust international network, Brilliance Capital is dedicated to building lasting relationships and delivering exceptional real estate outcomes. SOURCE Brilliance Capital

factory

Mar 20, 2025

Advertise your business here! 🚀

PN Publishers' Articles